Fixed & recurring deposits

Quarterly Income Plan ()

Quarterly Income Plan by Bank of Baroda gives regular income for you as an add-on to your earnings. Apply for quarterly income scheme & earn interest on quarterly basis.

Interest rateRate follows the maturity period; interest is paid quarterly. Resident senior citizens receive an additional 0.50% and eligible staff presently an additional 1%.Senior-citizen rateResident senior citizens receive an additional 0.50% over the applicable maturity-period rate; staff/ex-staff presently receive an additional 1.00%, and eligible ex-staff senior citizens receive both additions.Tenure12 to 120 months.

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✓ Manually checked 30 Aug 2026 · active

Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Tenure12 to 120 months.View source

The page publishes minimum 12 months and maximum 120 months.

Source: Quarterly Income Plan () — official product page
Page / section: Features — Period of Deposit
Accessed: 29 Aug 2026
Confidence: high

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Minimum deposit₹1,000 and multiples of ₹100.View source

The page publishes a ₹1,000 minimum and ₹100 multiples.

Source: Quarterly Income Plan () — official product page
Page / section: Features — Minimum Amount of Deposit
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Interest rateRate follows the maturity period; interest is paid quarterly. Resident senior citizens receive an additional 0.50% and eligible staff presently an additional 1%.View source

The official page specifies tenure-linked pricing, quarterly payout and the published senior-citizen/staff additions.

Source: Quarterly Income Plan ()
Page / section: Features — Rate Of Interest
Accessed: 22 Aug 2026
Confidence: high

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Interest payout / redemptionInterest is paid quarterly. Maturity proceeds are credited to SB/CA, with cash below ₹20,000 and DD/pay order above that where no operative account exists; deposits renew for one year at the due-date rate unless instructed otherwise.View source

The page states quarterly interest, maturity credit instructions and one-year auto-renewal.

Source: Quarterly Income Plan () — official product page
Page / section: Features — Product Nature / Auto Renewal; — Mode of Payment
Accessed: 29 Aug 2026
Confidence: high

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Deposit typeQuarterly-income fixed deposit plan paying interest every quarter.View source

The page describes as a plan where deposit interest is paid every quarter.

Source: Quarterly Income Plan () — official product page
Page / section: Features — Product Nature
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

EligibilityIndividuals, joint holders, minors aged 10 or above (including with a parent/guardian), clubs, associations, educational institutions, partnerships and registered joint-stock companies when the bank is satisfied the account is for genuine savings.View source

The feature table lists the eligible individuals, minors and institutions.

Source: Quarterly Income Plan () — official product page
Page / section: Features — Eligibility
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Maximum depositNo upper limit.View source

The feature table states no upper limit.

Source: Quarterly Income Plan () — official product page
Page / section: Features — Maximum Amount of Deposit
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Senior-citizen rateResident senior citizens receive an additional 0.50% over the applicable maturity-period rate; staff/ex-staff presently receive an additional 1.00%, and eligible ex-staff senior citizens receive both additions.View source

The rate section states the 0.50% senior and current 1.00% staff additions.

Source: Quarterly Income Plan () — official product page
Page / section: Features — Rate of Interest
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Loan / overdraft against depositLoan or overdraft is available on demand up to 95% of the outstanding balance, subject to bank guidelines.View source

The feature table states loan/overdraft up to 95% of the outstanding balance.

Source: Quarterly Income Plan () — official product page
Page / section: Features — Availability of Loan/Overdraft
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Premature-withdrawal / refund termsNo penalty for deposits up to ₹5 lakh kept at least 12 months. Otherwise the applicable or contracted rate (whichever is lower) is reduced by 1%; deposits of ₹1 crore and above require 31 days' notice and a 1.50% penalty.View source

The page publishes the ₹5 lakh waiver, 1% deduction and ₹1 crore/31-day/1.5% bands.

Source: Quarterly Income Plan () — official product page
Page / section: Features — Other Terms and Conditions / Premature Closure
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

DocumentsPassport-size photograph, proof of residence and introduction as per Bank of Baroda norms.View source

The page lists the three account-opening documents.

Source: Quarterly Income Plan () — official product page
Page / section: Documents Required
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Eligibility

Individuals, joint holders, minors aged 10 or above (including with a parent/guardian), clubs, associations, educational institutions, partnerships and registered joint-stock companies when the bank is satisfied the account is for genuine savings.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

passport-size photograph
proof of residence
introduction as per bank norms

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Deposit maturity estimate

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Money deposited onceThe amount you plan to place in the deposit today.₹one lakh rupees₹1,000₹1,00,00,000Yearly interest rateThe percentage the deposit earns in one year.%0.5%15%How long you keep itThe period before the deposit reaches maturity. months3 months120 months

Money at maturity₹1,02,530one lakh two thousand five hundred thirty rupees

Money you put in₹1,00,000one lakh rupees

Interest earned₹2,530two thousand five hundred thirty rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Parameter

Product nature · Published detailFixed deposit with quarterly interest

This value is copied from Quarterly Income Plan — complete feature table. Check the table notes before relying on it.

Source: Quarterly Income Plan () — official product page · Features, Documents Required and Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 12 rows · 2 columnsQuarterly Income Plan — complete feature tablePublished QIP eligibility, amounts, payout and closure terms.View tableHide table

Scroll sideways to view every column

Quarterly Income Plan — complete feature table
Parameter	Published detail
Product nature	Fixed deposit with quarterly interest
Eligibility	Individuals, joint holders, minors aged 10+, clubs, associations, educational institutions, partnerships and registered companies
Minimum deposit	₹1,000 in ₹100 multiples
Maximum deposit	No upper limit
Tenure	12–120 months
Interest rate	As per maturity period; senior +0.50%; staff +1.00% presently
Payout	Quarterly
Loan / overdraft	Up to 95% of outstanding balance
Premature withdrawal	₹5 lakh/12-month waiver; otherwise 1% deduction, or 1.5% and 31-day notice for ₹1 crore+
Auto-renewal	One year at due-date rate unless instructed otherwise
Maturity payment	/ credit; cash below ₹20,000 or /pay order otherwise
Documents	Photograph, residence proof and introduction

The official page links the current deposit-rate source for the maturity-specific percentage.

Quarterly Income Plan () — official product page · Features, Documents Required and · accessed 29 Aug 2026Open official source ↗

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Quarterly Income Plan (QIP)

What the official sources publish

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Deposit maturity estimate

Find the exact published value

Complete rates, limits and schedules

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Quarterly Income Plan ()